Equity
€108,726 from €877,524 in 2019
Equity fell by 88% in 6 years.
VANNEC
Lifetime
11 annual accounts with figures on one time axispeak €1.4m (2020)
-€52,074▼ €15,122
lowest -€187,301 (2024)
-€52,809▲ €134,492
peak €877,524 (2019)
€108,726▼ 32.7%
€13,592▲ 967%
peak 15.4 FTE (2020)
-not published
Board4 names since 2016
-
Owners2 names in the annual accounts
consolidates
Documentsfilings and deeds
10-07-202621 days before the deadline
2025abbreviated format
Gross margin from -€36,951 to -€52,074Loss of €52,809Equity from €161,534 to €108,726Debts from €1,273 to €13,592Cash from €66 to €91
Key points
from the 2025 annual accountsLosses
-€494,770 in five years
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Position in the sector
-€52,809
Lower net result than 90% of companies in civil engineering. Sector median €70,198 · 603 companies.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as VANNEC has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for VANNEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
last known boardDirector, last mentioned in 2021
- consolidatesscore equity €746,803 (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807969220
Registered office moved from Oostkamp to Waardamme
New registered office: KORTRIJKSESTRAAT 412 8020 WAARDAMME · Previous registered office: Kortrijksestraat 443A Loods F, 8020 Oostkamp · Gazette deed
Change of role: , from manager to director
Registered office clause: Kortrijksestraat 443A Loods F, 8020 Oostkamp · Director discharge: · General meeting of 10-03-2021 · Gazette deed
2 managers resigning
(manager) and (manager) · Permanent representative: · Director discharge: · General meeting of 08-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANNEC Oostkamp | €122,318 | -€52,074 | 88.9% | - |
| ABSOTECH Boortmeerbeek | €126,614 | -€3,742 | 44.0% | - |
| DB SOLUTIONS Brecht | €104,375 | -€26,647 | 66.8% | - |
| J.G. TECHNICS Tongeren-Borgloon | €222,029 | -€34,781 | -12.6% | - |
| DKN-ELECTRO Deinze | €59,396 | €679 | 78.2% | - |
| LICHT, ELECTRO & DOMOTICA Antwerp | €58,526 | -€3,991 | 60.8% | 0 |
| Storm 74 Antwerp | €249,471 | -€1,675 | -39.1% | 0 |
These companies have the same main activity as VANNEC: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €58,500 and €249,000, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 25-11-2008Normal situation
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 4 others
- Establishment unit
- 2.174.496.5108020 Oostkamp, since 28-11-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 13-03-2025
Annual accounts 2025
- €122,318▼ 24.9%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on VANNEC
VANNEC files the abbreviated format. That format states no turnover. The gross margin fell from €145,149 in 2015 to -€52,074 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANNEC
- What is the company number of VANNEC?
- The company number of VANNEC is 0807.969.220. The VAT number is the same number with BE in front: BE 0807.969.220.
- Where is VANNEC based?
- The registered office is at Kortrijksestraat 412, 8020 Oostkamp.Company details
- What does VANNEC do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of VANNEC?
- VANNEC is a private limited company (BV).
- When was VANNEC founded?
- VANNEC was founded on 25-11-2008.
- Is VANNEC still active?
- Yes, VANNEC is an active enterprise in the KBO register.
- How many employees does VANNEC have?
- VANNEC had an average of 1.7 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of VANNEC?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is VANNEC profitable?
- In financial year 2025, VANNEC made a loss of €52,809.
- Where can I find the annual accounts of VANNEC?
- VANNEC filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANNEC due?
- VANNEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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